What are the responsibilities and job description for the Actuarial Associate I - Remote position at Symetra?
About the role
The Production Associate contributes to Symetra Bermuda Servicing Company’s (“SBSC’s” or “the company’s”) in force modeling processes and procedures. Reporting to the Production Lead, this person will create SBSC model outputs for a wide range of regulatory reporting. This person will contribute to the success of the company’s modeling initiatives through developing expertise on the model and regulatory requirements, modernization of the reporting tools utilized, and improvement initiatives for the overall reporting processes.
- Quarterly and annual regulatory reporting, including but not limited to:
- Quarterly model bridging runs
- Final reported BEL
- BEL waterfall runs
- Quarterly BEL sensitivities and stresses
- Annual CISSA stresses
- Annual Schedule V(e) stresses
- Annual plan, plan updates, and sensitivities
- Annual ORSA stresses
- Annual unlocking runs and sensitivities
- Develop and maintain process documentation
- Implementing improvements to reporting and to the modeling processes
Why work at Symetra
“I feel welcome and included at Symetra every day and I really believe you can be you at Symetra." - Megan H., Deputy Chief Compliance Officer
"I am grateful to be here and I know how blessed I am to work for a company that truly cares about me as a person". - Nancy R., Sr. Investment Fund Analyst
What we offer you
We don’t take a “one-size-fits-all” approach when it comes to our employees. Our programs are designed to make your life better both at work and at home.
- Flexible full-time or hybrid telecommuting arrangements
- Plan for your future with our 401(k) plan and take advantage of immediate vesting and company matching up to 6%
- Paid time away including vacation and sick time, flex days and ten paid holidays
- Give back to your community and double your impact through our company matching
- Want more details? Check out our Symetra Benefits Overview
Compensation
Hourly Range: $72,700 – $121,100 plus eligibility for annual bonus programs
Qualifications:
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Bachelor's degree in actuarial science, finance, mathematics, or related technical field required.
- Proficient in PC utilization including spreadsheets and data management software.
- Demonstrated analytical abilities, problem solving, and analysis.
- Committed to self-development and learning actuarial concepts.
- Experience with common coding and visual software, such as Python, SQL, Power BI, and Power Query.
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Experience with modeling software, with emphasis on MG-ALFA / MG-Integrate modeling.
- Experience with AI coding tools a plus.
- Effective communication with manager required.
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Actuarial Student track with at least one exam passed. Prior to attaining actuarial designations.
- Entry-level or up to 3 years of insurance related actuarial experience.
- High school diploma required.
At Symetra, we aspire to be the most inclusive insurance company in the country. We're building a place where every employee feels valued, respected, and has opportunities to contribute.
Symetra is a national financial services company dedicated to helping people achieve their financial goals and feel confident about the future. In our daily work, we're guided by the principles of Value, Transparency and Sustainability. This means we provide products and services people need at a competitive price, we communicate clearly and openly so people understand what they're buying, and we design products--and operate our company--to stand the test of time. We're committed to showing up for our communities, lifting up our employees, and standing up for diversity, equity and inclusion (DEI). Join our team and help us create a world where more people have access to financial freedom.
Employer work visa sponsorship and support are not provided for this role. Applicants must be currently authorized to work in the United States at hire and must maintain authorization to work in the United States throughout their employment with our company.
- Minimum Internet Speed:100 Mbps download and 20 Mbps upload, in alignment with the FCC's definition of "broadband."
- Internet Type:Fiber, Cable (e.g., Comcast, Spectrum), or DSL.
- Not Permissible:Satellite (e.g., Starlink), cellular broadband (hotspot or otherwise), any other wireless technology, or wired dial-up.
- Disqualification from the recruitment process
- Withdrawal of a job offer
- Termination of employment and other criminal and/or civil remedies, if fraud is discovered
Salary : $72,700 - $121,100